Allied Healthcare Products (NASDAQ:AHPI) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Allied Healthcare Products (NASDAQ:AHPI – Get Rating) in a report released on Wednesday. The firm set a “sell” rating on the medical equipment provider’s stock.

Separately, TheStreet lowered shares of Allied Healthcare Products from a “c” rating to a “d” rating in a research report on Wednesday, February 16th.

AHPI stock opened at $1.97 on Wednesday. The company’s 50 day simple moving average is $2.70 and its 200-day simple moving average is $3.85. The firm has a market capitalization of $7.90 million, a PE ratio of -4.19 and a beta of -3.84. Allied Healthcare Products has a 12 month low of $1.72 and a 12 month high of $16.41.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its holdings in shares of Allied Healthcare Products by 14.4% in the 1st quarter. Renaissance Technologies LLC now owns 62,700 shares of the medical equipment provider’s stock valued at $201,000 after purchasing an additional 7,900 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of Allied Healthcare Products in the 4th quarter valued at $249,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Allied Healthcare Products in the 3rd quarter valued at $117,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Allied Healthcare Products in the 3rd quarter valued at $80,000.

About Allied Healthcare Products (Get Rating)

Allied Healthcare Products, Inc manufactures and markets respiratory products for use in the health care industry in a range of hospitals and alternate site settings worldwide. The company offers respiratory care/anesthesia products, including air compressors, calibration equipment, humidifiers, croup tents, and equipment dryers, as well as respiratory disposable products, such as oxygen tubing products, facemasks, cannulas, and ventilator circuits; and home respiratory care products comprising aluminum oxygen cylinders, oxygen regulators, pneumatic nebulizers, portable suction equipment, and a line of respiratory disposable products.

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